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Alerion Clean Power SpA Reports Consolidated Earnings and Operating Results for the Year Ended December 31, 2014; Reports Operating Results for the First Two Months of 2015

Mar 18 15

Alerion Clean Power SpA reported consolidated earnings and operating results for the year ended December 31, 2014. For the period, the company reported total revenues of €45.9 million against €54.0 million a year ago. EBITDA was €22.6 million against €31.3 million a year ago. Adjusted EBITDA was €25.0 million against €31.3 million a year ago. LBIT was €0.2 million against EBIT of €14.4 million a year ago. LBT was €34.4 million against €0.2 million a year ago. Net loss attributable to the group was €26.8 million against €0.8 million a year ago. Adjusted net loss was €5.4 million against €0.2 million a year ago. 2014 net result was negative for €27.8 million (negative for €0.3 million in 2013), after non-recurring costs, mainly due to the effects of the early repayments of the project finance debts of some subsidiaries and the write-offs of certain assets considered non-strategic or non-recoverable, totaling €22.4 million, of which €0.5 million to minority interests. Adjusted EBITDA was mainly influenced by the decrease in revenues recorded during the year and by the lower income realized by the companies held in Joint Venture. Revenue was mainly due to: to lower revenues of operating wind farms for €5.5 million; the loss of revenues, amounting to €1.6 million, resulting from the sale of photovoltaic companies occurred in 2013. It should also be noted that, despite the low wind recorded in the year, the operating cash flows generated by Alerion during 2014 amounted to €18.8 million, contributing to reduce the Net Financial Indebtedness to €168.2 million at 31 December 2014 compared to €185.2 million at 31 December 2013.
The production of wind farms in 2014 amounted to 378 GWh (with an installed capacity of about 255 MW) compared to 411 GWh in 2013, mainly because of low wind levels.
The electrical production in the first two months of 2015 amounted to 71.5 GWh, an increase of over 20% compared to the same period of 2014, in line with expectations and normal wind averages.

Alerion Clean Power S.p.A. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Nov 10 14

Alerion Clean Power S.p.A. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company net loss attributable to the group of EUR 5.1 million, compared to a net loss attributable to the group of EUR 2.8 million for the same quarter ended September 30, 2013. Total revenues were EUR 8.1 million, compared to EUR 8.6 million for the same quarter ended September 30, 2013.
For the nine months, the company reported net loss attributable to the group of EUR 8.5 million compared to a net income attributable to the group of EUR 800,000 for the same period ended September 30, 2013. Total revenues were EUR 34.6 million compared to EUR 40.9 million for the same period ended September 30, 2013.

Alerion Clean Power SpA Reports Consolidated Earnings Results for the First Half Ended June 30, 2014

Jul 24 14

Alerion Clean Power SpA reported consolidated earnings results for the first half ended June 30, 2014. For the period, the company reported a net loss of EUR 3.5 million (USD 4.7 million) for the first half of 2014 against a profit of EUR 4.4 million a year earlier. Revenues decreased 19% to EUR 26.4 million impacted by the output, lower selling prices and partly by the sale photovoltaic assets in June 2013. Earnings before interest, tax, depreciation and amortization (EBITDA) shrank to EUR 15.2 million from EUR 22.1 million. Net operating margin (EBIT) was EUR 2.8 million compared to EUR 13.5 million in the same period last year. Loss before taxes LBT was EUR 5.0 million compared to EBT of EUR 6.6 million in the same period last year. Net loss attributable to the Group EUR 3.4 million compared to net income attributable to the Group of EUR 3.6 million in the same period last year.

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